The Michigan Materials Marketplace is a facilitated transaction platform that connects businesses to develop and scale new reuse and recycling market opportunities.
The program aims to create a closed-loop, collaborative network of businesses, organizations and entrepreneurs where one organization’s hard-to-recycle waste and by-products becomes another organization’s raw material. in addition to diverting waste from landfills, these recovery activities generate significant cost savings, energy savings, and create new jobs and business opportunities.
With support from:
The Materials Marketplace gives manufacturers practical ways to save money, improve supply chain resilience and generate value through reusable materials. Over 1,500 businesses - large and small - are using the Materials Marketplace across the United States.
The Marketplace incorporates Pathway21's secure, cloud-based, multi-sided platform for finding, qualifying and transacting materials reuse opportunities.
Marketplace activity is monitored, and reuse opportunities are identified and pushed to qualified companies as recommendations. If parties involved need assistance or an opportunity stalls, the platform is there to step in and facilitate movement.
Easy to Engage & Built to Sustain
Participation is free and open to any company or organization in Michigan to join. Users pay a fee as they realize reuse value, enabling the marketplace to sustain itself over time.
Economic and Environmental Impact
The Michigan Materials Marketplace program breaks down barriers to cross-industry collaboration and helps companies identify opportunities to minimize waste and create efficiencies.
The Materials Marketplace creates measurable economic, greenhouse gas, environmental and social impact.
Benefit from significant economic savings by sourcing cheaper feedstocks from industrial by-products and recycled materials, as well as reduce landfill disposal fees.
In addition to GHG reductions, the Materials Marketplace can create additional positive environmental impacts through better and more efficient use of materials.
Material production and use comprises 42 percent of system-wide GHG emissions in the U.S. Materials reuse is a proven strategy to reduce your company's carbon footprint.
Globally, the circular economy is a trillion dollar opportunity, with the potential to create 100,000 new jobs by 2019. The marketplace can help stimulate this job growth in Michigan.